I would like to pay attention to the following 3 points in late-day trading on the 10th.
・The Nikkei Average rebounded, and after one round of buying, the rise and range decreased
・Steadily the dollar and yen, continue to buy dollars
・Daikin ＜6367＞ is the top contributor to price increases, and Konami ＜9766＞ is in the same 2nd place
■The Nikkei Average rebounded, and after one round of buying, the rise and range decreased
The Nikkei Average rebounded. The front-end transaction was closed at 38311.63 yen (estimated turnover of 1.05 billion shares), which was 237.65 yen higher (+ 0.62%) compared to the previous day.
The US stock market rose on the 9th. The Dow average closed at 39387.76 dollars, which was 331.37 dollars higher (+0.85%), the NASDAQ was 43.51 points higher (+0.27%) at 16346.27, and the S&P 500 closed at 5214.08, which was 26.41 points higher (+0.51%). Expectations for interest rate cuts were rekindled due to an increase in the number of weekly unemployment insurance claims, and after being close, they rose. In addition to continuing purchases in response to expectations of a soft landing, high technology also remained steady due to a decline in long-term interest rates, supporting the overall market price. It remained strong throughout the day. Towards the end of the game, the Dow expanded its gains and ended.
In response to the rise in US stocks, the Tokyo market began trading with a buying advantage. The increase in the Nikkei Average widened, and there was a scene where it temporarily exceeded 38741.88 yen, the 25-day moving average, and the 75-day moving average. However, after a round of buying, the increase in 225 futures shrank all at once, so the Nikkei Average also rose and stopped. It was a fight at the level of compromise when it came to drawing ahead. Note that the 5-month option special settlement index (SQ) calculated as a donation is 38509.47 yen (market estimate).
Among stocks adopted by the Nikkei Average, Daikin ＜6367＞ grew rapidly due to financial results announcements, etc., and Kobe Steel's final profit increase forecast for the current fiscal year was well received and bought. Also, financial results for Bangnam HD ＜7832＞, SUMCO ＜3436＞, Konami Group ＜9766＞, and Ajinomoto ＜2802＞ also rose. NYK Line ＜9101＞, Kawasaki Shigeru ＜7012＞, MOL ＜9104＞, and Mitsubishi Corp. ＜8058＞ were bought.
Meanwhile, screen HD (7735), which was evaluated as having an unsatisfactory earnings forecast for the current fiscal year, fell drastically, and Nippon Steel (5401) was also sold because the net profit forecast for the current fiscal year fell significantly below market expectations. Also, the forecast for the final decline in profit for the current fiscal year for PanaHD (6752) was disgusting. In addition, Asahi Kasei (3407), Toyota's own (7203), Murata Manufacturing (6981), and NSK (6471) were sold.
By industry, while the shipping industry, other products, petroleum and coal products, mining, warehousing/transportation-related industries, etc. rose, only the four sectors of transportation equipment, other finance, electrical equipment, and nonferrous metals declined.
Aftermarket, attention continues to be drawn to the financial results announced during trading hours. At 12:00, Toyo Suisan ＜2875＞, IIJ ＜3774＞, and at 13:00, Nippon Air Conditioning ＜1952＞, Fuso Medicine ＜4538＞, Asahi Concrete ＜5268＞, Sinfonia ＜6507＞, Daishi Hokuetsu FG ＜7327＞, Hanwako ＜8078＞, Sumitomo Warehouse ＜9305＞, Yamatane ＜9305＞, and at 14:00, Miju Road ＜1776＞, Yamato House ＜1925＞, Meiji HD ＜2269＞, and Stella Michela FA ＜4109＞, BML ＜4694＞, Nichireki ＜5011＞, Miyakoshi HD ＜6620＞, Starzen ＜8043＞, etc. are planned.
■The dollar and yen are steady, and dollar purchases continue
There was a steady price movement of the dollar and yen in the Tokyo market on the morning of the 10th, and the price rose from 155 yen 26 yen to 155 yen 77 yen. The yield on 10-year US bonds is solid, and the trend of buying dollars continues. Meanwhile, the Nikkei Stock Average remains steady even as increases and decreases, and it is easy for yen sales that are favored by the appreciation of Japanese stocks.
The trading range up to this point is 155 yen 26 yen to 155 yen 77 sen for the dollar and yen, 167 yen 42 yen to 167 yen 84 sen for the euro and yen, and 1.0773 to 1.0785 dollars for the euro dollar.
■Backstage check stocks
・12 stocks, such as Quantum Solutions ＜2338＞ and Jigen ＜3679＞, etc., are stop-high
*Includes temporary stop height (sign value)
・Daikin ＜6367＞ is the top contributor to price increases, and Konami ＜9766＞ is in the same 2nd place
■Economic indicators and statements from key figures
[Economic indicators]
・Household expenditure in Japan/March: -1.2% compared to the previous year (forecast: -2.3%, February: -0.5%)
・Daily/March current account balance: +3,398.8 billion yen (forecast: +3,454.6 billion yen, February: +2 trillion 644.2 billion yen)
[Remarks by VIPs]
・Finance Minister Suzuki
“I will refrain from commenting on exchange rate levels”
“The exchange rate will have an unforeseen impact if it is appropriate or not.”
“We are closely monitoring exchange rate trends and will respond appropriately if necessary.”
＜Domestic＞
・ 14:00 April Business Watcher Survey and Current Status Judgment (Forecast: 50.3, March: 49.8)
＜Overseas＞
・ 15:00 UK · Preliminary GDP figures for the fiscal year ending January to March (year-on-year forecast: 0.0%, 10-12: -0.2%)
・ 15:00 Anglo-March industrial production (month-on-month forecast: -0.5%, February: +1.1%)
・ 15:00 Anglo-March trade balance (forecast: -14.40 billion pounds, February: -14.212 billion pounds)